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$ 2,149,000
Est. payment /mo
New
389 Woodbine AVE Toronto E02, ON M4L 3P7
2,642 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,642 sqft
Price per Sqft $813
Subdivision The Beaches
MLS Listing ID E12409935
Annual Tax Amount $5,593
Tax Year 2024
Property Sub-Type Investment
Property Description
Fully renovated, high income-generating multiplex in prime Beach! Turn-key multi-unit residence with 6 self-contained 1-bedroom units, separately metered. All units are vacant except for the front basement suite (month-to-month tenant at $1,480/mo). Entire house has been meticulously managed and gutted with new studs, insulation, and drywall. Upgrades include: new plumbing and electrical systems (two 200-amp services and 7 separate meters), soundproofing, underpinned basement with 8 foot ceilings and 3 walkouts, newer roof (2019), mostly Pella windows, and 2 energy-efficient heat pumps. Oversized wide & deep lot (27x140). Parking for up to 4 cars is possible. No detail overlooked! Projected $132,000/yr NOI (or potential for AirBnB income) for excellent cap rate over 6% in one of Toronto's most sought-after neighbourhoods! Just steps from public transit, shops on Queen Street, as well as the boardwalk and the lake. Pride of ownership is clear and it's a joy to show! Brochure with floor plans and projected financials attached.
Location
Province ON
County Toronto
Community The Beaches
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 27.0
Lot Depth 140.0
Others
Virtual Tour https://unbranded.youriguide.com/389_woodbine_ave_toronto_on/
Listed by RE/MAX HALLMARK RICHARDS GROUP REALTY LTD.
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